___ Occurs When Information Is Encoded with Little Effort or Awareness

question 295

Multiple Choice

___ occurs when information is encoded with little effort or awareness.

• A) Automatic processing
• B) Effortful processing
• C) Mnemonic application
• D) Schematic encoding

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Definitions:

Bearer Instrument

A type of negotiable financial instrument that entails payment to whoever holds the document, without requiring the transfer to be recorded, distinguishing it from other securities which are registered to specific owners.

Payable

Refers to an amount of money that is owed by a person or company to a creditor, typically categorized in financial statements as current liabilities.

Possesses

The act of having physical control or ownership of something, indicating a legal relationship between a person and the object being possessed.

Negotiability

The characteristic of a financial instrument that allows it to be transferred or assigned from one party to another, ensuring the receiving party obtains a good title.